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economy. robert: president trump pinballs on policy an lashes out at the fed chair. and china. president trump: we could be greatly helped with the fed would do its job and do a substantial rate cut. whether it's good or bad, short term, is irrelevan we have to solve the problem with china. on guns as he talks with the n.r.a. next in this is "washington week." fundis provided by -- ♪ ♪ >> oh. >> whatever they went through they went through together.el life planned. e what a raymond james financial advisor can do for you. app that uses voice recchogniti logy and teaches conversations. daily 10 to 15 minute lessons are voiced by native speakers and are at babbel.com. >> additional funding provided by koo and patricia yuen, through the yuen foundation,it cod to bridging cultural differences in our community. the corporation for publicin broadc and by contributis to your pbs station from viewers like you. thank you. >> once again from washington, robert: on friday, the trade war raged. china a
economy. robert: president trump pinballs on policy an lashes out at the fed chair. and china. president trump: we could be greatly helped with the fed would do its job and do a substantial rate cut. whether it's good or bad, short term, is irrelevan we have to solve the problem with china. on guns as he talks with the n.r.a. next in this is "washington week." fundis provided by -- ♪ ♪ >> oh. >> whatever they went through they went through together.el life planned. e...
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May 4, 2019
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they didn't save the economy. they contributed to the -- exactly the point that milton friedman was making in that interview. >> well, you clearly disagree with the idea that the fed saved the economy, in terms of 2008 and 2009. >> you know, that was a period of panic.-- i remember iou know, it was a surreal experience with banks failin you know, i don't know what i would have done if i had been on the fed at that time.yo >> at the timeargued we should have just let lehman go. do you agree with that now? >> i don't like bailouts. i don't like the idea of the vernment bailing out companies -- >> you cheered lehman's failure, though. do you think that that was a mistake, in hindsight? >> you know, i'd have to -- i'm not so sure.lo i'd have t back at it, and i don't know all of the, you know, details of this, but i don't like bailouts. and i thought, you know, it's one thing , like, bail out the people who held the deposits in these banks, but to bail out the people who actually we investors in these? no, i don't thi
they didn't save the economy. they contributed to the -- exactly the point that milton friedman was making in that interview. >> well, you clearly disagree with the idea that the fed saved the economy, in terms of 2008 and 2009. >> you know, that was a period of panic.-- i remember iou know, it was a surreal experience with banks failin you know, i don't know what i would have done if i had been on the fed at that time.yo >> at the timeargued we should have just let lehman go....
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Dec 21, 2019
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de but overall economy it's not going to have a massive effect. >> for the san francisco economy which is sizable do we know the we don't. as the report mentioned there is a sensehat the b companies that use the contractors potentiallyee major new costs. you know, assuming that they do reclassify them as employees, i understand thatber and lyft are sticking to their guns and saying the people are contractors. in the immediate terms it's ing to be more about lawsuits than it is about kindr e concrete consequences there is a potential forig costs. >> if you divided it up into winners and losers would you put employers strongly in the looser category? >> yes, i mean, some of the compies have created business models based on the idea they can treat the workers as independent contractors and potentially will be seeing big costs. some of the costs may come down as ty figure out how to organize work around treing people as employees. but i the short-term, yes they face costs that's why they fight it. >>ho are the winners, the individual employees depending onieow they themselves? >> absolutel
de but overall economy it's not going to have a massive effect. >> for the san francisco economy which is sizable do we know the we don't. as the report mentioned there is a sensehat the b companies that use the contractors potentiallyee major new costs. you know, assuming that they do reclassify them as employees, i understand thatber and lyft are sticking to their guns and saying the people are contractors. in the immediate terms it's ing to be more about lawsuits than it is about kindr...
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Jan 19, 2019
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and our economy is 3.8% unemployment right now. so if trade deficit are so bad, why is our economy so strong? >> so, if you look at when china joined the world trade organization, in 2001, we went on a period of time where our growth fell from an average of 3.5% a year, in the preceding 5 1/2 decades, to 2%, a loss of 1.5% gdp a year, which is tantamount to millions of jobs and trillions of dollars of revenue, okay? what was the difference? it was, like, the explosion of the deficit, these unfair trade practices. now, president trump, using tax cuts, deregulation, unleashing the energy sector, and bringing about these trade deals, has boosted that growth rate up now above 3%. we're healthy and strong and moving. but in order to continue that, we're gonna have to restructure our economy, balance our trade deficit, and make sure that we have a strong manufacturing and defense industrial base. >> but i just want to point out, though, that in the times since china joined the world trade organization, the american economy has grown, and
and our economy is 3.8% unemployment right now. so if trade deficit are so bad, why is our economy so strong? >> so, if you look at when china joined the world trade organization, in 2001, we went on a period of time where our growth fell from an average of 3.5% a year, in the preceding 5 1/2 decades, to 2%, a loss of 1.5% gdp a year, which is tantamount to millions of jobs and trillions of dollars of revenue, okay? what was the difference? it was, like, the explosion of the deficit,...
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Aug 24, 2019
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economy tanks. you see him blaminger o and donald trump does that a lot. it's not my fault, it's the media's fault. for wanting a recession, he claims. it's someone else's fault that thisul happene it's h jerome powell's fight. he's in that blamehi gamech is an indicator that he's worried. robert: what does the president want here, just to go on whatnge were tal about with martha? does he want e nomic war,l politiar? is that his message for 2020? or is he seeking a deal with china? does he want to pass the usmc. jim: he wants to pass the usmc, the tra agreement he wants to be re-elected. as anina said, the economy has been his strongestalling car lowest unemployment rate in half a century. stock mark at various times doing very, very well. othef indicators o continued growth. there are science the horizon of slowing and perha worse we don't know. all of that puts at risk his political future. the other thi we know about him is he wanted to have a fight with china. he has talked about that, predating
economy tanks. you see him blaminger o and donald trump does that a lot. it's not my fault, it's the media's fault. for wanting a recession, he claims. it's someone else's fault that thisul happene it's h jerome powell's fight. he's in that blamehi gamech is an indicator that he's worried. robert: what does the president want here, just to go on whatnge were tal about with martha? does he want e nomic war,l politiar? is that his message for 2020? or is he seeking a deal with china? does he want...
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Aug 17, 2019
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economy. if thes u.s. i doing great but others aren't, the u.s. eventually gets dragged dow the president can be happy now that the chinese are having trouble, and they are b eventually, in a globalized economy, china's problem pecomes ourblem. >> and he doesn't seem to understand what trade deficits are.sn he d understand, at least until the hint this week, when he talked about protecting christmas shoppers, that it's actually americans who pay his passers. and he doesn't understand if germany stops buying america's goods, that hurts us. he seems to take pleasure in everybody else's global woes. i also don't think he's surroupled by good, smart p on the economy. conflicting advice on trade, friction a ang hisisors. and unlike previous presidents, he doesn't have a goo staff or top advisors. oeunsel of economic advisors. he't have real economists advising him. andrea.d analysis from you've been on the ground with the president, in new jersey, at his golf club. what are the tensions inside the
economy. if thes u.s. i doing great but others aren't, the u.s. eventually gets dragged dow the president can be happy now that the chinese are having trouble, and they are b eventually, in a globalized economy, china's problem pecomes ourblem. >> and he doesn't seem to understand what trade deficits are.sn he d understand, at least until the hint this week, when he talked about protecting christmas shoppers, that it's actually americans who pay his passers. and he doesn't understand if...
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economy any time soon. for nightly business report,se modi, new york. >>> and here is another look at the day'sum finalrs from wall street. the dow rose 36 pinpoints to 27147. the nasdaq lost 8 a the s&p 500 was up just 1. and that's "nightly business report" fori' tonight. sue herera thanks for joining us. >> i'm bill griffeth. have a great evening. we will see you tomorrow. ♪ ♪ ♪ ♪ ♪ woman: this is "bbc worldews america." is made possible by... the freeman foundation; by judy and ter blum-kovler foundation, pursuing solutio america's neglected needs; and by contributions to this pbs station from viewers like you. k you. lauis is "bbc world news america." reporting from washington, i am
economy any time soon. for nightly business report,se modi, new york. >>> and here is another look at the day'sum finalrs from wall street. the dow rose 36 pinpoints to 27147. the nasdaq lost 8 a the s&p 500 was up just 1. and that's "nightly business report" fori' tonight. sue herera thanks for joining us. >> i'm bill griffeth. have a great evening. we will see you tomorrow. ♪ ♪ ♪ ♪ ♪ woman: this is "bbc worldews america." is made possible by......
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Aug 21, 2019
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if you looks look to the fundamentals, from my perspective, i think the economy is d sophie: the economy is slowing, though. if that continues, how much impact will it have on his 2020 reelection bid?we ron: oncet past labor day in the united states, that will give the democrats something to talk about. those who wish to succeed him as president. the economy star to cool down a little bit, and they will said -- they will say the tru economic plan is not working. that is one thing democrats are looking at, how can we resonate to the american people on these economy, titchen-table issues, if you will, of why we should replace donald trump is -- as president. but right now the fundamentals remain strong. sophie: he has delayed the next round of chinese tariffs. that is a sign, isn't it, thatne he is concabout this. ron: no question about it. you heard him say that he did not want the tariffs issued to impact christmas hidays. tariffs could have impacted her tnics -- electronics, gifts from china, so he does recognize that if thn prices go upme for the holidays, there are a lot of american c
if you looks look to the fundamentals, from my perspective, i think the economy is d sophie: the economy is slowing, though. if that continues, how much impact will it have on his 2020 reelection bid?we ron: oncet past labor day in the united states, that will give the democrats something to talk about. those who wish to succeed him as president. the economy star to cool down a little bit, and they will said -- they will say the tru economic plan is not working. that is one thing democrats are...
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the problem here is not the economy. the reason that the markets went crazy this week was because china put out a whole slew of data that showed the econo there i slowing. germany reported that its economy shrank a bit. this is a global problem, not an american pro it washes on to our shores quickly. >> the global an important point. what does your reporting reveal about that? >> the globa slowdown is clearly the effect of a lot of things that have been buiing . also this trade rhetoric and the tariffs from the president, going against canada, going against mexico. he got what he wanted there in this new deal, which hasn't been ratified yet. the fact is, he does not see the interconnections. t also bludgeon the fed, when, as jerry points out, they don't haveoo a kit either anymore really, given how historicallyer low it rates are. more stimulus right now would not really help, butpr the ident doesn't seem to understand that. >> a lot of economists say that being tough on china is not a bad thing that, the chinese do dese
the problem here is not the economy. the reason that the markets went crazy this week was because china put out a whole slew of data that showed the econo there i slowing. germany reported that its economy shrank a bit. this is a global problem, not an american pro it washes on to our shores quickly. >> the global an important point. what does your reporting reveal about that? >> the globa slowdown is clearly the effect of a lot of things that have been buiing . also this trade...
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about the ime tra w. >>> iths the economy. why now through the end of the year could determine who wins the white house in 20>. ome sweet home. a growing number of millennials are ready to buy homes and it could heat up an otherwise cool housingket. those stories and much more sstonight on "nightly busi >>> good evening and welcome. well, september is living up to its reputatios being a rough month. we're only one day in and today was pmptty the trading day started with new tariffs on u.s. and chinese goods, mark iing the latest elation in the long running twad war between the two largest economies. that and investor sentiment. then came a weak repor on manufacturing. its weakest read in three years, raising fears of a lowipwn and thatd sentiment further. investors loaded up on gold and u.s.ri trea. by the close, the dow jones industrial average fell 285 points to 26,118. nasdaq down 88 and s&p,20. seema starts us off from the nen york stock ex. >> wall street started on a down note as p sident trump had a new setf tariffs.ve
about the ime tra w. >>> iths the economy. why now through the end of the year could determine who wins the white house in 20>. ome sweet home. a growing number of millennials are ready to buy homes and it could heat up an otherwise cool housingket. those stories and much more sstonight on "nightly busi >>> good evening and welcome. well, september is living up to its reputatios being a rough month. we're only one day in and today was pmptty the trading day started...
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Aug 15, 2019
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the statistics bureau says the economy is facing pressure. as for the presidentar asf reprieve, the interesting part is that beijing didn't officially respond the state news agency reported on the phone conversation between the titegotiators but only said that china lodged its opposition to the tariffs that will kick in september 1st, which suggests that china doesn't see the move as particularly meaningful. i spoke with suppliers who sell nt the united states, and many said that presitrump's relief wouldn't have a major impact since many christmas oeipments are already out, though it give them extra time to adjust pricing into 20y . for "nighsiness report", i'm eunice yoon in beijing. >>> and now to that warning sign from the market. the last time the yield curve inverted was more than a decade ago and we all know what happened soon after. that is why wall street had such an intense reaction to this market phenomenon. >> it don't happe often, but when the two-yearreasury bill begins paying more interest than the ten-year note, recentnd histo
the statistics bureau says the economy is facing pressure. as for the presidentar asf reprieve, the interesting part is that beijing didn't officially respond the state news agency reported on the phone conversation between the titegotiators but only said that china lodged its opposition to the tariffs that will kick in september 1st, which suggests that china doesn't see the move as particularly meaningful. i spoke with suppliers who sell nt the united states, and many said that presitrump's...
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the future expectations of the economy. just of the public believe their wages will rise in the next year. at's the lowest level sin march 2016 and 35% say now is a good time to invest in stocks that ufrmt is the lowest level in three years. just 23% are saying the economy will improve in the next year. it's the first time in the c 11 pollsducted by cnbc during the trumpru presidency tt pessimists outnumber the optimists f for "nightly business rept," steve liesman. market.upside to the rtgage rates falling. adding up to savings for diana olick breaks it down. >>> home buyers are getting a boons. growing crn in the economy has investors rushing into bond market causing interest rates to fall and that includesorage rates. the ample rate on t 30-year fixed had been falling throughout much o the summer but then made a sharp jump back up in september. now res are headed back down again, down enough since last friday to save the average payment for a $300,000 loan but ore dramatic comparison is over a percentage point from a yea
the future expectations of the economy. just of the public believe their wages will rise in the next year. at's the lowest level sin march 2016 and 35% say now is a good time to invest in stocks that ufrmt is the lowest level in three years. just 23% are saying the economy will improve in the next year. it's the first time in the c 11 pollsducted by cnbc during the trumpru presidency tt pessimists outnumber the optimists f for "nightly business rept," steve liesman. market.upside to...
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vietnam was an isolated state-led economy and llansitioned success to an open economy. managed to do that without political upheaval. kim ha feared that economic reform could lead to regime change. vietnam is also seen as attractive because it's been able to carve p outolitical independence. the u.s. used to be an enemy and now it' an export market and that has given vietnam leverage over china. north korea is entirelyt dependn beijing. he won't be able to do what vietnam did iforth korea remains wrapped in sanctions. the trump administration's offer on the table is we will make you rich if you give up your nuclear weapons. the question is will this visit make him more willing to take that offer in the path of denuclearization. i'm eunice on in hanoi. >>> macy's is trimming its management ranks. that's where w begin tonight's market focus. the department store plans to oiminate 100 senior management jobs as par a plan to save $100 million a year. macy's reporte better-than-expected earnings and revenue in the most rectet qu and said its plans to double down on its most
vietnam was an isolated state-led economy and llansitioned success to an open economy. managed to do that without political upheaval. kim ha feared that economic reform could lead to regime change. vietnam is also seen as attractive because it's been able to carve p outolitical independence. the u.s. used to be an enemy and now it' an export market and that has given vietnam leverage over china. north korea is entirelyt dependn beijing. he won't be able to do what vietnam did iforth korea...
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economy is currently strong, but she does understand, of course, how the economy works and how weakness overseas could potentially make its way to th >>> while many economists do say the u.s. economy is solid, cracks may be starting to form. in other umrds, ar of companies are reporting higher costs right now. while that may seem innocent enough, it could mean big problems for corporate america's bottom line.pi boni takes a look. >> rising costs are beginning to eat into profit margins, an now an unusual development is puzzling analysts. earnings estimates are down to a dismal 0.3% for the first quarter. revenues hav barely changed, 5.6%. why is this happening? there's likely higher costs and pricing pressure tha eroding profit margins. we've seen a lot of companies cite higher costs, including haviey on, caterpillar and ford. they also mentioned higher commodity costs. some mentioned tariffs and currency effects. profit margins have been high for years and higher renues have led to higher margins as the economy got better. earnings growth is flat, even if you have a tax profit. so comp
economy is currently strong, but she does understand, of course, how the economy works and how weakness overseas could potentially make its way to th >>> while many economists do say the u.s. economy is solid, cracks may be starting to form. in other umrds, ar of companies are reporting higher costs right now. while that may seem innocent enough, it could mean big problems for corporate america's bottom line.pi boni takes a look. >> rising costs are beginning to eat into profit...
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economy. and you will probably hear from the europeans complaints about the president's threats to potentially put tariffs on european cars. sophie: great to get you insight. thank you very much indeed. jeff: my pleasure.e sophie: you tching "bbc world news america." still to come tonight's program, president trump has labeled them terrorists, but tonight we take a closer look at the far-left movement antifa. sophie:g if you know anyth about unidentified flying objects, chances are you have heard of area 51, the common name for the airbase in nevada where some claim aliens are being houd. now area 51 faces a possible vaon, but not from the skies, as our reporter explains. reporter: you have traveled millions of light-years across thcedark reaches of s this may not seem like the first place you would choose to visit. rachel is a town of around 50 residents. it is hot and its drive. 'ome believe little green men are only a stone'throw away. so convinced of the fact, one man has not entirely seri
economy. and you will probably hear from the europeans complaints about the president's threats to potentially put tariffs on european cars. sophie: great to get you insight. thank you very much indeed. jeff: my pleasure.e sophie: you tching "bbc world news america." still to come tonight's program, president trump has labeled them terrorists, but tonight we take a closer look at the far-left movement antifa. sophie:g if you know anyth about unidentified flying objects, chances are...
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another said the global economy is a schronized slowdown. both organizations hold handle eating meetings in washington next week frmts and then there is the fed. for afo short while today commes from fed chairman jerome powell helped cut market losses in half. though short lived it's a minder how pau p the central bank can be. steve repliesman tells us what the chairman said and why it's important to investors. >>> fed chairma jerome powell seven times tuesday said interestate policy whether they go up or down depends on n the data. the economic datat is. he added the economy is e in go shape overall despite some troubles on the horizon. being sbajters cmo a strong labor market with solid job gains, unemployment at hal century low a rising prime age labor force participation. but there are risks to the favorable outlook. principlely from global developments. the growth around much of the world has weakened over the past year and a half, and unceainties trade around trade brexit and other issues pose risks to the outlook. >> what's it mean fo
another said the global economy is a schronized slowdown. both organizations hold handle eating meetings in washington next week frmts and then there is the fed. for afo short while today commes from fed chairman jerome powell helped cut market losses in half. though short lived it's a minder how pau p the central bank can be. steve repliesman tells us what the chairman said and why it's important to investors. >>> fed chairma jerome powell seven times tuesday said interestate policy...
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but what does all say about the consumer and the economy? joining us tonight is john morris, the senior brand apparel analyst at d.a. davidson. thanks for joining us tonight, john. >> good to be here. >> you say it really is about the consumer just looking for better value, right? >> i think that's a very key element of it. i mean there's a couple of things goi on, but let's start with that. if you look at the dichotomy that y set up, it is perfect -- it really becomes drystal clear. on the one hou have the names that you were talking about, walmart, target. add to that list tjx.er on the o hand you have macy' macy's. you know, while nordstrom was good their revenues were low. look at the difference. the consumer's looking for value, and i think it is value and those companies that have been reinvesting in their hosinesses as big box guys have to be able to execute to the custome both in store and online and for the customer that wants value. i think that's where you're seeing the pattern emerge. >>n addition to value, there has to be a reas
but what does all say about the consumer and the economy? joining us tonight is john morris, the senior brand apparel analyst at d.a. davidson. thanks for joining us tonight, john. >> good to be here. >> you say it really is about the consumer just looking for better value, right? >> i think that's a very key element of it. i mean there's a couple of things goi on, but let's start with that. if you look at the dichotomy that y set up, it is perfect -- it really becomes drystal...
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economy from the consumer? >> think consumers and investors both would take a lot of sort of negative emotional response to this, and you're going to see that definitely dent people's confidence that the economy will ton growoi and you're to see that dent investors' confidence that both the economy wil grow and that they can trust this administration and d.c. in general to make the right choices. >> are we seeing at all? maybe youow don't often when there is a threat of a shut down of some kind or trade bargo, you will see a spurt of new trade go on. are we seeing that right now on ethe border in c there is a shutdown? >> trade on the border moves sok quickly, i t it would be impossible to measure, but as you noted earlier, tre is a backlog of trucks trying to get across. trade against the mexican-u.s. border goe across. >> clayton allen with height orcapital markets, thanks joining us tonight. >> thank you for having me. >> auto sales for march shows sales are slowing, something we toldou was likely. honda was
economy from the consumer? >> think consumers and investors both would take a lot of sort of negative emotional response to this, and you're going to see that definitely dent people's confidence that the economy will ton growoi and you're to see that dent investors' confidence that both the economy wil grow and that they can trust this administration and d.c. in general to make the right choices. >> are we seeing at all? maybe youow don't often when there is a threat of a shut down...
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economy or, as many t hope,s way off target. for "nightly business repo >>> well,et's turn to luke tillie for more analysis of today's jobs number. he's chief economist at wilmington trust. luke, good to see u. thanks for joining us tonight. thanks for having me on. > so what do you think, aberration or is something else going on? >> it's certainly an aberration in our view. it really doesn fit with the other indators thate're seeing in the economy, ys of businesses indicate they are still looking to hire. also the number of job openings in the economy is at all-time record highs. so what we see heres a little statistical aberration. as was suggested in steve's report, probably a little bitf impact from storms and the government shutdown. >> so you would disagree with those who say we've reached peak employment? >> yeah, i don't think we've reache peak employment yet. we still have a very strong labor market in the sense that those employers are looking for workers. really the limiting factor on growth is their ability to find t
economy or, as many t hope,s way off target. for "nightly business repo >>> well,et's turn to luke tillie for more analysis of today's jobs number. he's chief economist at wilmington trust. luke, good to see u. thanks for joining us tonight. thanks for having me on. > so what do you think, aberration or is something else going on? >> it's certainly an aberration in our view. it really doesn fit with the other indators thate're seeing in the economy, ys of businesses...
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is larnlly a domestic economy. and so we are hding up wel among all the tradeds w that are bla blowing out of the trade war. we are looking for good sales this season. we are up against weak comps a year ago because the retail sales plunge when we had theth sand point sell off in the stenograph market. >> you about the calendar is workinin against taers thichgt is late this year. and i guess you think that means we're seeing more discounting in the month of december. is that the idea. >> thanksgiving comes about as late as it can. comes o the 28th. meaning cybermonday will occur in december. so the bulk of online leretail will show up in december. that should give us atrong sales this year relative to last year. but a lot of consumers like t t go t stores and look at the merchandise and then come back and buy itnline. with the compressed timing between thanksgiving and christmas this year, it's going to be a good year for brick and mortar retailers too. >> mark, what do he is it do for the f in the decision tomrowg
is larnlly a domestic economy. and so we are hding up wel among all the tradeds w that are bla blowing out of the trade war. we are looking for good sales this season. we are up against weak comps a year ago because the retail sales plunge when we had theth sand point sell off in the stenograph market. >> you about the calendar is workinin against taers thichgt is late this year. and i guess you think that means we're seeing more discounting in the month of december. is that the idea....
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economy. and in fact drives the global a ing said that, we do see slowdown and wehe do see risks are rising from markets as wl he global economy. >> is this the reason the fed cut rates the last couple o timehi is the insurance policy that they were taking out? or do you foresee even more cuts down the road? >> the rson the fed cut rates twice already this year is for several reasons. the of which was that the u.s. monetary policy had much higher rates than the rest of the world. and that can be damaging to the s. economy if the u.s..eral reserve is muc tiger than other central banks. we do think the fed will cut another 25 basis points by the end of the year, which is actually what the market is pricing in. so that would be a benig event for the market. t will do tnk that help the housing market for example. >> so what do you do as an investor as we enter this month of octor? do you anticipate it will be as it has been in the past in some case upside month or not. the data in the binning of t
economy. and in fact drives the global a ing said that, we do see slowdown and wehe do see risks are rising from markets as wl he global economy. >> is this the reason the fed cut rates the last couple o timehi is the insurance policy that they were taking out? or do you foresee even more cuts down the road? >> the rson the fed cut rates twice already this year is for several reasons. the of which was that the u.s. monetary policy had much higher rates than the rest of the world....
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Jun 29, 2019
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economy. we had rising rates butn the same assets, not new assets. i think higher dividend it will certainly add some value to it, t i thinkhe strong economy will have to produce for the banking sector, and at this point i like the fee income banks, the banks with capital market exposures, banks that have international exposure as to true regional lending banks. >> the fees are wha made up the difference for those banks unable to make any money on e traditional way of borrowing and lending. who do you like best in this group? do you just pick from the group that has the highest yields or what do y do here? >> only picking from the highest yields if i'm a yield investor. i think he i want capital appreciation, so i'm going to focus on jp morgan, morgan stanley and goldman sachs. i think there's a lot of market activity out there. i tilnk we see capital markets both in investment and trading pick up, and those are the firms that will benefit from it the most. >> what about those regionals though? sometimes they can have a higher dividend yield. >> they
economy. we had rising rates butn the same assets, not new assets. i think higher dividend it will certainly add some value to it, t i thinkhe strong economy will have to produce for the banking sector, and at this point i like the fee income banks, the banks with capital market exposures, banks that have international exposure as to true regional lending banks. >> the fees are wha made up the difference for those banks unable to make any money on e traditional way of borrowing and...
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Jan 8, 2019
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third, there's hope for the chinese economy. china announced stimulus programs tooost infrastructure spending. expectations for earnings growth in the united states are coming down this year,t but could be a lot worse. most of them are in the midsingle-digit range. gas prices have fallen 20% since october. at is a huge tax cut for the american consumer. how about thisear of recession thing. strongerob growth and comments from the fed are fending off those concerns at least f now. the one wild card is political risk both here in the united states and overseas in europe. the fateuk of the and brexit is murky. now here in the u.s., now that former u.s. defense secretary jim mattis and another key moderates are gone, maybe it' president trump and not the fed that might make some policy mistak here's the bottom line. we are not out of the woods, but the trend is definitely improving. for "nightly business reportm bob pisani at the new york stock exchange. >>>alwell, let's more about this possible shift in sentiment. christina hooper
third, there's hope for the chinese economy. china announced stimulus programs tooost infrastructure spending. expectations for earnings growth in the united states are coming down this year,t but could be a lot worse. most of them are in the midsingle-digit range. gas prices have fallen 20% since october. at is a huge tax cut for the american consumer. how about thisear of recession thing. strongerob growth and comments from the fed are fending off those concerns at least f now. the one wild...
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Oct 2, 2019
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stock market. 40% say it's bad the economy f overall. rbut 23% answe that it will huri th personal financial situation. the real bad news for president trump came in decline in both the overall and in his h econom approval ratings the president's job approvalrov rating sunk to 37% the lowest level and 42% for approva on the economy also lowest for the first time. 50% of the public f tdisapprove his handling of th bounced back in the past and maintained a steady but low approval rateding around 40%. this time he has to make a comeback from the roest level od presidency while facing impeachment proceeding in for "nightly business report," steve aliesman. layter in the program, even though the presidential election is more than a year a aigt there are big th political advertising race. >>> now to other stories w newres.tt are in the e' demonstrations in hong kong protesters clashed with rio police building bfires and barricades for the first time since the protests again and live rouir. a hong kong police officer shot a teenage dmorngts who
stock market. 40% say it's bad the economy f overall. rbut 23% answe that it will huri th personal financial situation. the real bad news for president trump came in decline in both the overall and in his h econom approval ratings the president's job approvalrov rating sunk to 37% the lowest level and 42% for approva on the economy also lowest for the first time. 50% of the public f tdisapprove his handling of th bounced back in the past and maintained a steady but low approval rateding around...
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Sep 7, 2019
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the economy will be part o it. largely a lot of democrats that i talk to really feel as though there is a segment of the population that are under attack because of their identit what moves them is their identity and the president feelin as toe he is ptecting to do with america -- feeling as to he is protecting america. >> this is the t stronge calling card they have. it's not just going to be about the economy. it's super imporaunt b it's the important salient, you know, achievement he can point to. i've givenou the greatest -- sn it d matter that the numbers don't actually add up to the greest economy er. it's a good talking point. the larger question is i think it's going to be an election about donald trump, right? we can define that however that's defined. can he make it about thether candidate? he did. he did it that t hillary clinton. can he make the democrat an acceptable alternative to snim pete: thanks for wch k. ing. -- tnks for watching. robert costa will be bac next week. next week we'll be talking abo
the economy will be part o it. largely a lot of democrats that i talk to really feel as though there is a segment of the population that are under attack because of their identit what moves them is their identity and the president feelin as toe he is ptecting to do with america -- feeling as to he is protecting america. >> this is the t stronge calling card they have. it's not just going to be about the economy. it's super imporaunt b it's the important salient, you know, achievement he...
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Aug 23, 2019
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what it means for the health of the economy, as spending sinks deeper into the red. plus, when the ship comes in. modern luxury cruises, ancient european cities-- are seafaring tourists helping or harming the places they visit? >> it's going to create quite a few social problems over the next few years, particulwhly in areas ere people want to go and visit. >> woodruff: all that and more, on tonight's pbs newshour. >> major funding f the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 >> kevin.in >> k >> kevin? >> advice for life. life well-planned. learn more at raymondjames.com. >> consumer cellular. >> babbel. a language program that teaches spanish, french, italian, german, d more. >> and by the alfred p. sloan foundation. supporting science, technology, and improvedconomic rformance and financial literacy in the 21st century. >> carnegie corporation of new york.ng suppornnovations in education, democratic engagement, and the advancement of international peace and security. at carnegie.org. >>tnd with the ongoing supp of these institutions:
what it means for the health of the economy, as spending sinks deeper into the red. plus, when the ship comes in. modern luxury cruises, ancient european cities-- are seafaring tourists helping or harming the places they visit? >> it's going to create quite a few social problems over the next few years, particulwhly in areas ere people want to go and visit. >> woodruff: all that and more, on tonight's pbs newshour. >> major funding f the pbs newshour has been provided by: ♪...
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May 3, 2019
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economy rid now and he's the chief economist and macro strategist at mellon. welcome. nice to have you her>> hanks for having me. >> we haven't had meaningful inflation in this economy for quite a few years now, despite expectations that after the 2008 fncial kra financial crisis and when the fed started to exit the package, we might see rampant inflation. why have we not seen it? two parts. one is when the fed created a lot of reserves, banks d tn't usse reserves at first because they were capital constrained and they were under a lot o pressure and then as the fed started raising rates it also increasedhe rate it pays on reserves so banks didn't have any reason to use the reserves. and the second part is we had a tough financial crisis, but most of our trading partners had worst ones and the dollar has been appreciating. when the dollar appreciates, it means that foreign goodsto comi he u.s. are cheaper and that's been pulling down our inflation. >>ou know,also, the economy has changed so dramatically in, say, the last ten to 15 years, but we're still measuring infla
economy rid now and he's the chief economist and macro strategist at mellon. welcome. nice to have you her>> hanks for having me. >> we haven't had meaningful inflation in this economy for quite a few years now, despite expectations that after the 2008 fncial kra financial crisis and when the fed started to exit the package, we might see rampant inflation. why have we not seen it? two parts. one is when the fed created a lot of reserves, banks d tn't usse reserves at first because...
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May 21, 2019
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economy. shares of stocks that act like bonds have been clear leaders. utilities have vastly outperformed industrial and small cap stocks. groups more reliant on a better economy. thisas led some economists to argue that they're sending a less up beat message than would otherwise be a market up some 14% less than five months into the year. investor sentiment similarly ses more subdued than usual after such a strong market recovery. aisurveys of r and professional investors show a sharp drop in optimism and cash has continued to o flow of stock funds at a pretty heavy pace, a sign of further investor caution. low bond yields cndtious investors already braced for bad news could continue to help support stock as a market of a trade ails standoff. c at would require the econo data to hold up well enough to counter recession fears. but if the economy doesn't faulter enough for the fed to cut rates that the bond market seems to want, can the same safe ngstocks keep holp the market? could a shift in
economy. shares of stocks that act like bonds have been clear leaders. utilities have vastly outperformed industrial and small cap stocks. groups more reliant on a better economy. thisas led some economists to argue that they're sending a less up beat message than would otherwise be a market up some 14% less than five months into the year. investor sentiment similarly ses more subdued than usual after such a strong market recovery. aisurveys of r and professional investors show a sharp drop in...
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Jun 21, 2019
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dollar and slow down the u.sga economy. so that is a risk, but the reality is what that means is the federal resve is goingo lower interest rates and stay easier for longer. so, you , three years ago investors would have been talking about brexit, what did brexit mean. brexit meant easier policy around the world and markets that continue to higher. so if we get a bad outcome between the u.s. and china, that's not good from macro perspective, but what is more important is what does it mean for investors. suspect you might have a battle of volatility around it but the fed will respond and markets go higher. >> on that note, thanks so much, brian. brian leavitt with invesco. >> thank you. >>> as we mentioned rlier, investor optimism apparently is being driven by the hope that the federal reserve will lower its bench mark interest rate, t is it the right time to cut?li steve esman takes a look for us tonight. >> reporter: a bullish stock market reaction to the fed's announcement this week, suggesting a stock and bond market tha
dollar and slow down the u.sga economy. so that is a risk, but the reality is what that means is the federal resve is goingo lower interest rates and stay easier for longer. so, you , three years ago investors would have been talking about brexit, what did brexit mean. brexit meant easier policy around the world and markets that continue to higher. so if we get a bad outcome between the u.s. and china, that's not good from macro perspective, but what is more important is what does it mean for...
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what impact do you ukimately thhat will have on the economy? >> thi isn't something that seemed like the market was ignoring in 2019 it was moving up every day. this was the first day we got a little bad newsha or news on trade and we're reminded, oh, yes, we have this march 1st deadline if it's not extended taxes on chinesexports go from 10% to 25% and that has a big o impa our economy and on china. as that risk grows as we approach march 1 ast witho deal, this becomes a bit more of a concern for the markets. that said, f the commentm the white house, to the extent they want a deal, they're going to be hang gh-level talks next week. i think if there's a silver lining to the government ut wn, it's probably that a deal with china is more likely because the administration probably doesn't want to fight those two fights at the same time, not hav deal with china and also not having the government open. t so if administration wants a deal, it will get a deal with china, it just b may not the comprehensive far-reaching, far looking deal that theyay h
what impact do you ukimately thhat will have on the economy? >> thi isn't something that seemed like the market was ignoring in 2019 it was moving up every day. this was the first day we got a little bad newsha or news on trade and we're reminded, oh, yes, we have this march 1st deadline if it's not extended taxes on chinesexports go from 10% to 25% and that has a big o impa our economy and on china. as that risk grows as we approach march 1 ast witho deal, this becomes a bit more of a...
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so we think the economy is still on pretty solid footing. the fed' pivot is a lot about focusing on down side risks and, you know, playing the risk mitigation strategy. but, yes, we think the economy will do fine without a rate cut, however, the markets and fed speakers have certainly sort of pushed everybody to expect a knte cut. as you , even the possibility of 50 was on the table there for a b. so, yeah, they'll probably go ahead, although it is not a foregone conclusion. and if they for some reason decide not to go ahead, we think the economy would do just fine this year and into next year. >> our economy may be doing fines and t does show some pretty slow, steady, solid growth, but the global economy, there are some hot spots out there and we still do not have a trade deal with china. >> yes, to be sure. two majorose are the areas that everyone is focusing on as potential,ow you traps that the economy can fall into. you know, the thing with e,tr it is really tough. there's a lot of uncertainty. businesses d't know ifhere's a trade war w
so we think the economy is still on pretty solid footing. the fed' pivot is a lot about focusing on down side risks and, you know, playing the risk mitigation strategy. but, yes, we think the economy will do fine without a rate cut, however, the markets and fed speakers have certainly sort of pushed everybody to expect a knte cut. as you , even the possibility of 50 was on the table there for a b. so, yeah, they'll probably go ahead, although it is not a foregone conclusion. and if they for...
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it all revolves t around fuel economy standards for our cars and trucks. the current standards which target 54.5 miles per gallon by 2025 are being rewritten. the president wants a far lower fuel efficiency target, t reportedly lesn 40 miles per gallon. but california, which can legally set its own standards, want vehicles to hit 50 miles per glon by 2026, a move ford with which prompted the president to tweet, henry ford would be disappointed if he saw his modern-day diemodern-day de wanting to build a car that doesn't work as well. ford responded by sayin we have consistently supported 150 state resoortion standards. this provides stability while reducing co 2 more than complying with two different standards. since becoming president trump has met with auto executives many times. he has swung widely from high praise to nasty r ticule. whethe latest shot with aprd leaves bruises depends on whatns between the battle over fuel economy standards and athe trump administratio california. before you make too much out of the latest tweet with the president targe
it all revolves t around fuel economy standards for our cars and trucks. the current standards which target 54.5 miles per gallon by 2025 are being rewritten. the president wants a far lower fuel efficiency target, t reportedly lesn 40 miles per gallon. but california, which can legally set its own standards, want vehicles to hit 50 miles per glon by 2026, a move ford with which prompted the president to tweet, henry ford would be disappointed if he saw his modern-day diemodern-day de wanting...
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May 30, 2019
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will weaken and the fed will have to cut rates and stimulate themo economy. of the time when the yield is notverts a recession far off. that's not uncommon from looking at the current ecomic data or economic forecasts. unemployment is running 3.6% and 169,000 which comes withtrong consumer confidence and inflation is running over the fed's 2% target and at one point, 6% and first quarter gdp was 3.2% well above trend and the estimates from the cnbc wrap it updata for 1.6% growthcon the se quarter and that willme reverse but not all of the trade-distorted strength of the quarter andertainly not a recession. a weakening in growth was expected this year and the question now is whether the escalating trade war between the u.s. and china makes it worse and the fed has to cut rates in response. that's what the bond market is banking on and it's pricing in an li85% proba of a rate cut by year end. where is the fed? they see trades a risk, but have announced they'll wait and see for the effects on the real economy before they act. for "nightly business report "qwest,
will weaken and the fed will have to cut rates and stimulate themo economy. of the time when the yield is notverts a recession far off. that's not uncommon from looking at the current ecomic data or economic forecasts. unemployment is running 3.6% and 169,000 which comes withtrong consumer confidence and inflation is running over the fed's 2% target and at one point, 6% and first quarter gdp was 3.2% well above trend and the estimates from the cnbc wrap it updata for 1.6% growthcon the se...
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"the economy is getting better and better," this man says. inside, though, the message from china's leaders was much more candid, with a list of the serious mounting economic risksw >> dd pressure on the economy is increasing. growth and consumption is slowing. the difficulty private firms facen getting financing has set been resolved. and the financial or contains many risks and hidden dangers. john: so, to shore up growth, he promised tax cuts, more bank lending, and in a clear nod to washington, fairer access for foreign companies. the premier mentioned the u.s.-china tradeispute head-on, calling it a profound change. it is. no u.s. president has ever challenged china's economy quite like this, and at a time when growth is already slowing. what china's one-party state not fears re large-scale job losses and social instability. these young jobseekers say there has been a noticeable change in their prospects.ay >> i wouldhis year is much more difficult. it takes ages to get a response to an application. >> for example, one position may only
"the economy is getting better and better," this man says. inside, though, the message from china's leaders was much more candid, with a list of the serious mounting economic risksw >> dd pressure on the economy is increasing. growth and consumption is slowing. the difficulty private firms facen getting financing has set been resolved. and the financial or contains many risks and hidden dangers. john: so, to shore up growth, he promised tax cuts, more bank lending, and in a...
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Jul 26, 2019
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but for the global economy as well? >> well, it is not so much that they would cut rates for the global economy. it is that they worrywh that ever is dragging down those other economies, whatever is weighing on growth in eu ipe, whatev weighing on growth in asia is also going to affect ecthe u.s. omy, both through the direct ties through trade, for example, and because t u.s. is subject to the same kind of uncertainties. the fed already believes there's a confidence shop working its way through the economy, the weakness in europe is one of thy reasons t really want to cut rates, but the strength of u.s. data, the strength of the u.s. economy makes it difficult fth to go big. that's why there's this debate between 50 basis points or 25 basis points. >> right. >> we see 50, but 25 is clearly on the table. either way, they do want to provide accommotation. >> af times the market looks to what the fed says after its actions. in other words the statent. are you expecting any major anges in the language that the fed uses? >>
but for the global economy as well? >> well, it is not so much that they would cut rates for the global economy. it is that they worrywh that ever is dragging down those other economies, whatever is weighing on growth in eu ipe, whatev weighing on growth in asia is also going to affect ecthe u.s. omy, both through the direct ties through trade, for example, and because t u.s. is subject to the same kind of uncertainties. the fed already believes there's a confidence shop working its way...
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hey're all tied to the global economy. for "nightly business report", i'm bob pisani at theexew york stocange. >>> a federal reserve official said today that the central bank is monitoring the impact of last month's interest rate cut. richmond fed president tomno barton gav clues about the future path of rates but he said theomestic economy appears to be strong but international economies are weaker and uncertainty ised elev especially when it comes to trade. >>> and today more than 200 footwear companies urged president trump to cancel the proposed higher tariffs on chinese imports which te effect next month. the industry trade group said theariffs act as a hidden tax that will hike consumer prices. while duties on some chinese imports were delayed until december, the majority of footwear lin face an additional 15% tariff on september 1st. >>> chinese telecom company teawei remains at the center of the trade dis between the u.s. and china. as you know, there are restrictions on u.s. companies when it comes to doing busine
hey're all tied to the global economy. for "nightly business report", i'm bob pisani at theexew york stocange. >>> a federal reserve official said today that the central bank is monitoring the impact of last month's interest rate cut. richmond fed president tomno barton gav clues about the future path of rates but he said theomestic economy appears to be strong but international economies are weaker and uncertainty ised elev especially when it comes to trade. >>> and...
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Jul 18, 2019
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the more ty move, the stronger the economy. is happeningt wha at one of the biggest railroad operators. the ceo of csx warning business won't be as strong as expected for the rest of the year, leading to concerns of a potential freight recession, an economy as a u.s whole is slowing down. >> the present economic backdrop is one of the most puzzling i have experienced in my career. any of our industrial customers' volumes continuing to show weakness with no concrete signs of these trends changing. >> csx isn't alone. night swrift, the largest trking company in the u.s., lowered earnings guidance for the year, setting an over capacity of trucks on the market, jb hehunt,.s. leader in container shipments by truck, ell more business than 7% in first half of the year and its nonpaid loads -- that's empty trucks -- increased by 16 pirs f% for the quarter. tariffs and trade tensions disrupted normal loads and led to backups at warehouses. however, contract trucking rates are expected to fall through the rest of the year, possibly a sig
the more ty move, the stronger the economy. is happeningt wha at one of the biggest railroad operators. the ceo of csx warning business won't be as strong as expected for the rest of the year, leading to concerns of a potential freight recession, an economy as a u.s whole is slowing down. >> the present economic backdrop is one of the most puzzling i have experienced in my career. any of our industrial customers' volumes continuing to show weakness with no concrete signs of these trends...
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yeah economy is slowing. we pumped a lot of stimulus in preponderates go up, the economy slows. but this was not a collapsing environment. >> what has theke stock m been telling us then with the big declines we see in october, november and december. >> what the stock market is telling us is that it was concerned about how financiig conditionsened significantly. that was on higher rates and higher prospects for rate hikes from the fed. a stronger dollar, credit spreads blowi out a bit. that was tightening financial conditions and wghing on sentiment. that's why it was so important for the fed to bk off. but if we continue with this kind of job growth, i mean, even november and october werese re higher. >> right. >> in terms of job growth. the average job growth was about 254,000 per month which as we said is ie stronge three years. that sounds like the fed would need to continue to raise rates. >>well, look, it's the first time in a while we've bn above 3% on wage growth for a bit of a iod.ainable p and so to try and kill that now with interest rate hikes seems ill timed. the mar
yeah economy is slowing. we pumped a lot of stimulus in preponderates go up, the economy slows. but this was not a collapsing environment. >> what has theke stock m been telling us then with the big declines we see in october, november and december. >> what the stock market is telling us is that it was concerned about how financiig conditionsened significantly. that was on higher rates and higher prospects for rate hikes from the fed. a stronger dollar, credit spreads blowi out a...
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May 14, 2019
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and economy are in. negotiators continue to sayl helk away if any deal doesn't produce permanent change. >> as sue mentioned, the trade trong ns resulted in selling on wall street today. bob posani takes a look at the market's ugly mood. >> trade tensions flaired up today. the dow plummeting more than 700 points to close at its low. stocks were down overnight, they turned evenower prior to the open. these new higher tariffs will affect farmers and thousands of products. apple, boeing, caterpillar, all three are down about 20% or more from their recent highs. stocks did come off their lows late in the day on a few comments from both u.s. treasury secretary steve mnu president donald trump saying trade talks were still on going, that's not much of the market to go on. why is this? >> the trade wars hav suddenly become very real. we not only have higher tariffs on existing goods, we have a very specifichi response targeting u.s. agriculture products, with possible other asures to come. let's take a look at
and economy are in. negotiators continue to sayl helk away if any deal doesn't produce permanent change. >> as sue mentioned, the trade trong ns resulted in selling on wall street today. bob posani takes a look at the market's ugly mood. >> trade tensions flaired up today. the dow plummeting more than 700 points to close at its low. stocks were down overnight, they turned evenower prior to the open. these new higher tariffs will affect farmers and thousands of products. apple,...
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Aug 1, 2019
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economy remains solid. the risks come from a slowdown in global growth, so the decision to lower rates is considered an insurance cut designed to hel stave off the possibility of an economic downturn.bu the chairman signalled that this is not the start of a trend and stocks dropped sharply. the dow jones industrial average dropped 333 points to 26,864. it had been down more than 450 points. 500 was off by 32. and the s&p >>> steve liesman reports tonight from the federal reserve. ♪ >>> overnight lending among bank, down by one quarter percentage point to a new range between two and at2.25%. s largely what the market expected but in a press conference after the statement came out, the fed chairman appeared to dial backns expectator future cuts. >> the committee is really thinking of this as -- as a way of adjusting policy to aor somewhat accommodative stance. we think of it as i essentially the nature of a mid cycle adjustment toli . >> stocks sold off immediately as the market began to question whether th
economy remains solid. the risks come from a slowdown in global growth, so the decision to lower rates is considered an insurance cut designed to hel stave off the possibility of an economic downturn.bu the chairman signalled that this is not the start of a trend and stocks dropped sharply. the dow jones industrial average dropped 333 points to 26,864. it had been down more than 450 points. 500 was off by 32. and the s&p >>> steve liesman reports tonight from the federal reserve....
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steve liean will take look at the economy, but first bob pisani has the outlook for the stock market from the new york stock change. >> reporter: oil stocks bounce, rates go up and the direct listing craze will peak ree predictions for 2020. first, against all odds, energy stocks woutperform the s&p 500. it's been a lost decade f energy investors with oil stocks up to 6% in ten years but a combination o high dividend yields and relatively low earnings multiples will make severalom mnies muche attractive. bank of america believesl exxon mo could move up 50% to $100 ast sells assets, expands production and doubles c itsh flow by 2025. second, lower rates in 2020? no necessarily. many central banks don't seem to want it. shifting political winds in germany will leado the passage ofcaarge stimulus plans to boost the slower economy.ro euan bond yields wl move back towards positive territory. european bonds all while pushing european yields higher and t keepin bank rally going. finally, the direct listing craze will peak when airbnb goes public during the listing. it's allhe rage. private
steve liean will take look at the economy, but first bob pisani has the outlook for the stock market from the new york stock change. >> reporter: oil stocks bounce, rates go up and the direct listing craze will peak ree predictions for 2020. first, against all odds, energy stocks woutperform the s&p 500. it's been a lost decade f energy investors with oil stocks up to 6% in ten years but a combination o high dividend yields and relatively low earnings multiples will make severalom...
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Sep 24, 2019
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today the gains were capped because lfgering concerns about the global economy. the dow and the s&p 500 remain just 1 1/2% away from their records. th dow jones industrial average was 14 points to 26,949. the nasdaq fell five and the s&p 500 was flat. mike santolli takes ali look at whether this market calm will give rise to something else. >> steadiness has been the rule on wall street. the s&p 5 remains within 2% off its record high. on going trade friction and the fed meeting that was meant to arify paths forward. marketsre typically seen as well supported by iestors looking ahead to improve fundamental developments. the rally has been broad with investors apparently happyt t the u.s. econoc committee will the market valuation today is about the same as one year ago which proved to be the 2018 peak ahead of the bruising ourth quarter downturn. bond yields were one percentage point higher. on d is easing back terest rates. and investor expectations for growth has been reset lower which can help support stocksor term uncertainty. it remains september. and the f
today the gains were capped because lfgering concerns about the global economy. the dow and the s&p 500 remain just 1 1/2% away from their records. th dow jones industrial average was 14 points to 26,949. the nasdaq fell five and the s&p 500 was flat. mike santolli takes ali look at whether this market calm will give rise to something else. >> steadiness has been the rule on wall street. the s&p 5 remains within 2% off its record high. on going trade friction and the fed...
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Mar 5, 2019
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economy if china's tariffs were lifted? diane: well, it is important for china's tariffs to be lifted. early in the agricultural sector, the retaliation has been substantial. that i hurt and bankruptcies have picked up.e even therell not regain all we have lost becse some farms have alreadgone bankrupt. but it will help the manufacturing sector. china has fundamental problems that go well beyond tariffs. it was slowing befe the tariffs were imposed. even though it is a stimulating now, it does not seem to be having the same impact, the bank bang for the buck it once did. china is trying to get the private sector to borrow again, but remember, people were jailed for borrowing and then ty tried to pull it back. the muscle memory of potential threat of being jailed is still out there. laura: diane swonk, thanks for that analysis. diane: thank you.ur president trump will go to alabama on friday followingph catast tornadoes that left 23 people dead. rescue crews are going house to house hoping to find survivors in the wreckage.
economy if china's tariffs were lifted? diane: well, it is important for china's tariffs to be lifted. early in the agricultural sector, the retaliation has been substantial. that i hurt and bankruptcies have picked up.e even therell not regain all we have lost becse some farms have alreadgone bankrupt. but it will help the manufacturing sector. china has fundamental problems that go well beyond tariffs. it was slowing befe the tariffs were imposed. even though it is a stimulating now, it does...
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Apr 2, 2019
04/19
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if the u.s.nd economy global economy can move forward, equities over bonds. >> on that note, david, thank you. david kelly with jndorgan >> a fed official said today now is not the time to cut interest rates. neil cash carney believes rates are in the right place right now and pausing futureas inc allows the central bank to get more information on the central economy. the white house called for the fed to cut interest rates by nhalf a point friday and do it immediately. >> w h the he e cus, a handful of new reports took on extra importance today. steve liesman has the details. >> economic data in the u.s. today coming in a bit better than exticted, pro economists to upgrade a still weak outlook for growth in the first quarter. and we now have our first look at expectations for theecond quarter. the cmbc rapid update for the ra first quartering at 1.5% gdp growth, down from the fourth quarter, but up 0.2 from prior forecasts. the second quarter looks althy, up. we got there the hard way. februah retail sales were muc lower than expectations, down 0.2% while economists were looking for up 2
if the u.s.nd economy global economy can move forward, equities over bonds. >> on that note, david, thank you. david kelly with jndorgan >> a fed official said today now is not the time to cut interest rates. neil cash carney believes rates are in the right place right now and pausing futureas inc allows the central bank to get more information on the central economy. the white house called for the fed to cut interest rates by nhalf a point friday and do it immediately. >> w h...
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Sep 4, 2019
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and its economy is growing twice as fast. this success has become a major source of tension in the trade war. >> the question is, is america chcomplaining about the waina hands economy, or is about china's legitimacy to become a osperous andpeowerful country? our polation is four times bigger than thu.s. we have 1.3 billion people. right? you have 300 million people. china's economy should four times higher than the u.s. econy. now we are only... >> sullivan: that would be difficult for people in the united states to accept. >> yeah, of course, , this is, this is difficult to, to, accept, right? today we are only 60% the size of the u.s. i think we do have the to be at least as powerful ashe u.s. and eve one day, much powerful than the u.s. americans should be worried?at >> oh, yes, i thinso. >> sullivan:es, they should? >> you know, the chinese government thinking we are become stronger and stronger. sullivan: yeah. >> and the u.s. still number one, big brother, right? >>ullivan: big b hther. >> ae that big brother not tryin
and its economy is growing twice as fast. this success has become a major source of tension in the trade war. >> the question is, is america chcomplaining about the waina hands economy, or is about china's legitimacy to become a osperous andpeowerful country? our polation is four times bigger than thu.s. we have 1.3 billion people. right? you have 300 million people. china's economy should four times higher than the u.s. econy. now we are only... >> sullivan: that would be difficult...
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Oct 16, 2019
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overa economy. it's really the consumer keeping things together, because manufacturing is you know -- you guably in a recession. seeing a lot of the similar things on the banking side,as n uch m demand from the business side. but the consume see to have no real cracks in it yet. >> you know, wells fargo is kind of a se issue. they've had issues that they've been dealing withor some time. but i you put wells fargo aside, most of the major banks ha someretty solid results in investment banking, and also in some cases trading as well. >> that's true. i mean, you know, the investment babyings was pretty good. there are specifics like goldman sachs dn't do as much mergers and skigss business but still ranked number one. i want moresike that busin didn't have a big quarter. you're right they did a decent job onenn theal for those involved in the capital markets as well. zblos you have favorites in this group right now? >> you know most of it's interesting. just happens to be we do like jp morg quite a bit
overa economy. it's really the consumer keeping things together, because manufacturing is you know -- you guably in a recession. seeing a lot of the similar things on the banking side,as n uch m demand from the business side. but the consume see to have no real cracks in it yet. >> you know, wells fargo is kind of a se issue. they've had issues that they've been dealing withor some time. but i you put wells fargo aside, most of the major banks ha someretty solid results in investment...
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Aug 17, 2019
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economy is in pretty good state. we're notn highland, but there's no doubt as economies in europe and asia glow down and into recession we can't completely avoid that. at the moment i don't see a recession in the imminent future. >> even today the data is sending mixedignals. consumer confidence plunged to the lowest level of the year due to a small drop in america's perception of the current tuation and a big drop in what is expected for the future. fed chairman jerome powell said he takes market signals seriously when figuring out where to set interest rates and probably will be cutting in the coming months. in figing out how much he will be navigating the cross current of low global bond yields and the dangers o t ade war against economic data showing strong consumer spending, low unemployment and decent u.s. growth. rough waters toilot a ship in as rough waters as the u.s. ecveomy. i'm steiesman for "nightly business report." >>> it is time to look at today's upgrades and down grades. tjx, the parent company of t
economy is in pretty good state. we're notn highland, but there's no doubt as economies in europe and asia glow down and into recession we can't completely avoid that. at the moment i don't see a recession in the imminent future. >> even today the data is sending mixedignals. consumer confidence plunged to the lowest level of the year due to a small drop in america's perception of the current tuation and a big drop in what is expected for the future. fed chairman jerome powell said he...